topic AMEX 3x CLI question in Credit Cards

AMEX 3x CLI question

Anonymous — Mon, 16 Sep 2013 18:37:02 GMT

I have been reading this forum for awhile now and have found everything beneficial as far as which cards to apply for. My question is I have seen on the forum that 25k and 35k as basically the cut off for AMEX asking for 4506 forum. I have a starting line of 10k on a BCP card (not my highest limit) that is 65 days old and was thinking of asking for 30k but didn't know if I should push it. Just wanted to see what experiences people have had with asking for 30k and above with American Express.

Re: AMEX 3x CLI question

09Lexie — Mon, 16 Sep 2013 19:32:41 GMT

Welcome to the forum. There have been a few posts on the 'so-called' cut off before a 4506T is requested. Whether it be a $1 initial CL to a $25k CL its a YMMV. If you try and get the message you may choose to comply or cancel the CL request.

Re: AMEX 3x CLI question

Creditaddict — Mon, 16 Sep 2013 19:38:08 GMT

I would not worry about it and request the full $30k

Re: AMEX 3x CLI question

09Lexie — Mon, 16 Sep 2013 19:42:31 GMT

Your reported Income and assets at the time you apped will be the other factor. There was a post earlier where the starting CL was $7500 and the req 3x triggered a 4506. IMO, the income was probably the reason as it was reported at $36k

Re: AMEX 3x CLI question

FinStar — Mon, 16 Sep 2013 19:42:48 GMT

@09Lexie wrote:
Welcome to the forum. There have been a few posts on the 'so-called' cut off before a 4506T is requested. Whether it be a $1 initial CL to a $25k CL its a YMMV. If you try and get the message you may choose to comply or cancel the CL request.

Re: AMEX 3x CLI question

JonStur — Mon, 16 Sep 2013 21:25:14 GMT

I don't think it's anything to worry about.. They already have your address, soc sec #, know where you work, if they ever ask me I would just send it in.. Some one can correct me but I think once they request this, you will never get a CLI from them again even if its for 50 cents unless you submit it..

Re: AMEX 3x CLI question

Anonymous — Mon, 16 Sep 2013 21:53:37 GMT

@JonStur wrote:
I don't think it's anything to worry about.. They already have your address, soc sec #, know where you work, if they ever ask me I would just send it in.. Some one can correct me but I think once they request this, you will never get a CLI from them again even if its for 50 cents unless you submit it..

true but they don't have your deductions, some people may habve a huge gross income but there taxable income is actually very little (I am not one of those people by the way)

Re: AMEX 3x CLI question

Walt_K — Mon, 16 Sep 2013 22:28:38 GMT

There is no $25K or $35K hard limit. It's going to depend on your overall credit profile, your history with Amex, your income, etc. Of course, as you go higher, the risk increases. I had posted on another thread that I have an individual card above $25K CL and another personal card at $13.5K. I have not been asked for any tax returns. I just recently was approved for another personal card, but I don't know the limit on that card yet. In any event, there is no $25K individual threshhold or $35K combined threshhold.

For quite a while, there was a decent amount of anecdotal evidence that $25K and below was releatively safe, and that anything above that, while not definite, carried a risk of being asked for income verification. But as mentioned above, a recent thread reports that a request of $22.5K triggered a 4506T request. So it appears that $25K is not a hard limit below which everything is safe, just as it never was a hard limit above which everything triggered a request.

All that said, based on most reports that I have seen, if I were concerned about them asking for a 4506T, I would probably stick with requesting no more than $25K. If you are comfortable providing them with the 4506T or are comfortable with canceling the CLI request in the event they ask, go for the whole $30K.

Re: AMEX 3x CLI question

Anonymous — Mon, 16 Sep 2013 23:11:29 GMT

Thanks for all the advice, I've only had a history with AMEX for 3 months so not that long of a history there. As far as my income I stated what I was making this year. I really don't mind at all showing them a 4506. Just the fact that I stated 10-15% more then what my 4506 will say from last year since I based it off what I will make this year. I'm just going to call tonight and ask for the full 30k and see what they say.

Re: AMEX 3x CLI question

09Lexie — Mon, 16 Sep 2013 23:13:47 GMT

Good luck!

Re: AMEX 3x CLI question

kevinjjc — Mon, 16 Sep 2013 23:16:41 GMT

Good luck! Please let us know how it went.

Re: AMEX 3x CLI question

Anonymous — Mon, 16 Sep 2013 23:34:32 GMT

I just called in to have the EMV chip added to my AMEX Gold and BCP. I went ahead and asked for the 30k dollar CL on the Blue and they instantly approved me for the full 30k.

Re: AMEX 3x CLI question

Anonymous — Mon, 16 Sep 2013 23:38:15 GMT

Wow congrats!

Re: AMEX 3x CLI question

kevinjjc — Mon, 16 Sep 2013 23:42:02 GMT

Sweet! Congrats!

Re: AMEX 3x CLI question

Gatortrout — Mon, 16 Sep 2013 23:46:56 GMT

Congrats!

Re: AMEX 3x CLI question

09Lexie — Mon, 16 Sep 2013 23:50:11 GMT

Very nice!

Re: AMEX 3x CLI question

Anonymous — Mon, 16 Sep 2013 23:58:33 GMT

Also, if they did ask for tax documents. Being off by only 10-15% would not be an issue. Easily explained by an increase in wages this year.

Re: AMEX 3x CLI question

Anonymous — Mon, 16 Sep 2013 23:58:56 GMT

Congrats on the approval.

Re: AMEX 3x CLI question

Anonymous — Tue, 17 Sep 2013 02:04:12 GMT

Thanks, I was actually shocked how quickly he came back with a approval. I figured being over 25k I would get a 7-10 day wait or something. Only thing I regret is not applying for the SPG card instead of the BCP. Now I'm wondering since I have that line of Credit if they would give me a high line if I did apply for their SPG